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Bruce Zimmerman announced his resignation on Monday with no immediate successor.
Farmland investment firm Homestead Capital fell $52m short of its target for its first fund last year, but has already surpassed its initial $350m target for Fund II.
Gina Rinehart's company Hancock would own 67% of Kidman in the deal, with Chinese real estate company Shanghai CRED taking 33%.
Following a N$300m commitment from the Government Institutions Pensions Fund Namibia, the fund expects to raise a further N$150m from local pension funds.
The appointment of Australia’s Foreign Investment Review Board chairman by buyout firm Carlyle had raised concerns about conflicts of interest.
Townsend Group has been the investor's advisor since 2011.
The fund has brought on its second institutional investor after MainPERS confirmed an investment in the fund in September.
The financing programme targets farm machinery upgrades and more energy efficient infrastructure.
Grey Mountain has bought Kronos from fellow US-firm Prospect Partners.
UK property agency Strutt & Parker says that overall, prices are continuing the slow decline that began last year, but investor interest should bolster values from 2018.
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